Dear Reader, Well, last week we found out how concerned the Reserve Bank of Australia (RBA) is about property…and how far they may be willing to go to protect it from a crash. Through a series of documents received via a Freedom of Information request, the ABC reported the RBA contemplated pausing property sales. As […]
Australian Housing Market
When you read articles about Australian housing affordability, it is often comparing the single average adult wage to house prices, from generations ago.
The articles generally say something like, ‘a house was worth three times the annual average wage back in the sixties and is now worth 10 times the average wage. This shows housing has become unaffordable.’
You can’t compare the two because back in the sixties it was one wage bidding on real estate.
Government HomeBuilder Policy Designed to Prop Up Housing at All Costs
Take for instance the wonderful, exciting HomeBuilder policy the Aussie government has decided is a real winner. That should help underpin the only ace the Aussie government has anymore. Can’t cut rates any…
Why You Can Expect to See the Government Protect Property
Dear Reader, Have you noticed how the mainstream press is trying to turn panic buying into a good thing? I’ve seen headlines like ‘panic buying drives biggest retail sales…’ …or in today’s paper: ‘Australians were the world’s best panic buyers’. According to the article, Australia ‘out-shopped’ 54 other countries when it came to panic buying, […]
Deferring Doom Doesn’t Work
Governments and central banks around the world are busy forestalling. The question is whether it’s the inevitable. Job losses, bankruptcies, mortgage defaults, corporate bond defaults, austerity or sovereign debt defaults, and plenty more. Does delaying them lead to avoiding them in the end? I’m not so sure, either way. But we’re going to find out […]
Think Property Is a Goner? Think Again…
‘Of course, before we get to that, let’s take a look at the one sector you absolutely do not want to be in a moment longer…’ I wrote back in mid-March. When I wrote that the Aussie market was down 33%. We swung from headline to headline. News came thick and fast. That was a […]
This One Change Could Lead to the Next Aussie Property Market Boom
But I certainly do believe the Aussie property market isn’t as doomed as many think. Not with this sort of tentative response, anyway. For investors, this means you could be looking at an unprecedented opportunity…
